Home / News, Views and Opinion / Engineering professionals react to market boom and snap up bigger pay packets

Engineering professionals react to market boom and snap up bigger pay packets

New data from CV-Library, the UK independent job board, reveals that engineering professionals are reacting positively to the country’s latest job market boom, with applications for new engineering jobs rising by an astounding 16.5% in April 2019.

The findings compared job market data from April 2019 with the same period last year and shows that a key driving factor behind this hike in applications is likely the fact that the amount of job vacancies on offer in engineering were up by 3.1%, while average salaries for new jobs grew by a smaller 1.5% year-on-year, reaching an average of £36,710.  

Lee Biggins, founder and CEO of CV-Library, comments: “It’s deeply encouraging to see that the number of vacancies on offer has started to climb, especially as salaries are following suit. It’s interesting to note, however, that vacancies increased at almost double the rate of salaries.  

“Pay packets are the first part of a job that professionals look at, so a ‘quality over quantity’ outlook may be the way forward to securing an even greater number of candidate applications. What with the current skills shortage, continuing to increase wages will ensure your business stands out in a competitive market.”  

As well as this, the amount of candidates in the engineering industry registering their CVs online with CV-Library has increased by a staggering 21.7%, suggesting that more individuals are starting to consider looking for jobs. 

Biggins continues: “The overall increase in salaries and job vacancies has certainly resulted in some healthy competition amongst engineering professionals.

“To attract the best quality candidates, businesses need to ensure that they have effective hiring strategies in place. Consider the types of tools you’re using and remember that small changes go a long way when the job market is so tight.”

Check Also

APAC to dominate global HVDC converter station market through 2031

The global high voltage direct current (HVDC) converter station market is entering a phase of …

How connected packaging is transforming health and safety in the food supply chain

Consumer food health and safety expectations are rising while tolerance for error is shrinking. Recalls, …

Why temperature monitoring needs to move beyond the clipboard

Organisations storing chilled or frozen goods need to move beyond manual temperature checks and paper-based …